Hill & Smith H1 profits up on infra spending, weak pound
Hill and Smith
1,896.00p
16:44 25/04/24
-1.04%
-20.00p
Infrastructure group Hill & Smith Holdings said first half pretax profits rose 73% to £33.5m, boosted by higher infrastructure spending in key markets and the weak pound.
FTSE 250
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17:09 25/04/24
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4,434.34
17:09 25/04/24
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4,387.94
16:49 25/04/24
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Industrial Engineering
13,392.61
17:09 25/04/24
-2.00%
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Revenue increased 13% to £291.8m. Currency tailwinds added £15m.
Hill & Smith said the outlook for the US and the UK remained remained positive, “despite increased political and macroeconomic uncertainties”.
The interim dividend was lifted 11% to 9.4p a share.